Just rest till we get confirmations below 4790/4770 or above 4925/4955. Whatever it may happen, breakout or breakdown you will get easy 50-100 points on either side. As this is a budget week + monthly close + weekly close + f&o expiry so volatility in this week will remain at its high, if you are die-hard and risky trader then trade cautiously with adequate stop loss.
Stock View: Ruchi Soya
The stock has been more or less range bound since OCTOBER 2009 and since then has been constantly making higher lows with the top being the same.
The stock can be bought in 2 ways:
1) Buy if crosses and sustains above 102-103 ( make sure it sustains above these levels as last time in Jan it could not sustain and went back to the level of 85 ) for target of 112/120 with a stoploss of 96.
2) Buy closer to 95-96 on dips for targets of 112/120 with stoploss 86
Have a nice trading day
Regards
Ankit
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